Peter Schiff Explains Why America Is Entering A Horrific Financial Crisis
Vložit
- čas přidán 9. 06. 2024
- 🤑 Get 7 FREE 📈 stocks with Moomoo:
➡ j.moomoo.com/00yCCI
Chapters:
00:00 - Warning
04:26 - Quantitative Easing
06:44 - Inflation = Hidden Taxation
12:22 - Bubble Economy
15:33 - Costs & Inflation
17:37 - China Is Taking Over
18:35 - The Long-Term Consequences
Peter D. Schiff is an economist, stock broker, financial specialist, host of the Peter Schiff Show Podcast, and author. He is the CEO and chief global strategist of Euro Pacific Capital Inc. Mr. Schiff has also written a number of books on investing over the years. He educates people all over the world about free market economics and the principles and benefits of individual liberty, limited government and sound money.
Share this video with a friend if you find it useful! Consider subscribing to the channel for videos about investing, business, stock market, managing money, building wealth, passive income, and other finance-related content!
--------------------------------------------------
► Special thanks to:
Peter Schiff
/ peterschiff
Tom Bilyeu
/ @tombilyeu
🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us. For any concerns, business inquiries, etc. please contact us via email in the “About” section of the channel. Some links above are affiliate links. Anything displayed on this channel should not be seen as financial advice. Each person has a unique experience, and there is no guarantee of future profitability or success.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
How can I reach this person?
'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Linda Aretha Reeves is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
i looked Linda up out of curiosity and she seems so proficient, i've left her a message and i hope she responds soon. Thanks for sharing
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
If you lack knowledge about market investing tactics, get advice from a financial counselor.
I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
Her name is 'MICHELE KATHERINE SINGH' She maintains an online presence. just make a simple search for her name online.
It's estimated that Americans will need more than $1 million to retire comfortably, but I found most of us aren’t bullish about meeting that goal. I’ve been sitting on over $750K equity from a home sale and I want to invest on the stock market, how do I achieve this?
American workers are losing ground on retirement readiness and increasing the risk of outliving their assets, we all need to do more to help improve the savings and retirement security. If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.
A lot of folks downplay the role of AdvisoRs until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for certified advisors and came across someone of good repute, helped a lot to grow my reserve so far, from 270k to over 600k notwithstanding the present inflationary factors
I wouldn't mind speaking with the Adviser that assists you. I truly want to improve my retirement funding because I plan to retire in three years.
Lauren Marie Ehlers is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online, went to her website, and sent her an email to arrange a meeting. I'm grateful.
Amidst this market downturn, the idea of buying stocks is tempting. What do you think? I'm considering investing over $200k. Any thoughts on alternative strategies during this period of volatility?
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Considering diversification is excellent. Now might be a good time to consult a financial advis0r for expert advice and seize opportunities in this volatile market.
*Jennifer Leigh Hickman* You can easily look her up, she has years of financiaI market experience.
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
she's mostly on Instagrams, using the user name
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Coin that will align with my risk tolerance and financial goals, especially with the horriffic financial crisis.
While the market is promising, expert guidance is essential for effective portfolio management.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Actually its a Lady. Yes my go to person is a 'MICHELE KATHERINE SINGH'. So easy and compassionate Lady. You should take a look at her work.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
Given the current state of affairs, what strategy is the most effective for making money in the current market? I'm still thinking about spreading out my $500k stock holdings in order to increase returns while lowering risk.
Remember, it's time in the market rather than timing the market. Everyone needs a margin of safety in their investments.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.
Your advisor seems competent. Could you share how I can reach out to them?
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like Monica Shawn Marti I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
Concerns about a potential recession and the Fed's talk of interest rate hikes have left me uneasy. I'm unsure about my $450K portfolio strategy, considering the uncertainty of a recession and the possibility that interest rates may not rise significantly
I completely understand your concerns. But In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I agree. This is why having the right plan is invaluable, my $510k portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a more figures ballpark goal this 2024 `
Wonderful!! I've recently sold property and aim to invest in stocks, seeking guidance. How can I reach out to her?
Kathleen Cheryl Constantz is the licensed Advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
Kathleen Cheryl Constantz is the certified fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I blame our government for all this mess there's no excuse for all of this
No excuse cause this was be design. All of it
But the people elected them and tolerates them. George Carlin was right about this
“America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” - Abraham Lincoln, First Republican President
It was china corrupting politicians.
Źzzzzzzzzzzzzzzzzzzzzzzzzzz
A prophetic visionary whose life was cut short by a secret group that still holds strong affiliations to power & wealth today..."The Knights of The Golden Circle."
Read the essay The fate of Empires by Sir John Glubb published in the 1970's. All great powers have a 250 year lifespan. America is currently in the sixth and final stage " Age of Decadence" and is entering its final decade 1783 to 2033.
Really?
After listening to Biden's Economic Advisor I am terrified even more. I think we are worse off than I could imagine.
We already have 20% inflation likely closer to 30%.
prices have doubled since 2019 on almost everything at this point.
was looking through pictures on my phone the other day. noticed a pic from 2017 of a restaurant menu. a place my wife and I love to go to. the current prices at the same restaurant now are more than 2.5x higher.
Correct. Eight percent is way off .
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”-Thomas Jefferson
also, 'or not'
Exactly what's happened with the private corporation of the Federal Reserve that prints the US money and we borrow with interest
Hey, the last 3 years have been great. Gas is lower groceries are lower. We have peace in the Middle East and no wars. House prices are super affordable. Oh wait, that was 2016 to 2020 my bad.
I'm glad you're ok, I was worried that you got a hold of Hunters crack pipe! Trump 2024!!!
Trump created huge deficits with his tax cuts. He is the worse President we have ever had.
Bingo
Yes, it’s like heaven on earth! I just don’t know who to thank. Biden, Powell, Kamala or maybe even Jill. They’re all just wonderful leaders. NOT!
Did you just forget the part about printing money and "quantitative easing"; a lot of it during 2020? The can has been getting kicked down the road since Reagan. Stop being a clown.
With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.
Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
Your advisor must be really good. How I can get in touch? My portfolio's decline is a concern, and I could use some guidance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sharon Lynne Hart” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I was farming in ‘08/‘09. By 2012 I broke even and sold my cattle and machinery. I have maintained all along that we never got out of the “Great Recession”.
I agree!
Glad I didn’t sell my cattle. Market is on fire, and won’t go down anytime soon. Lowest cattle numbers ever in us history with highest population ever.
@@robertensign8786so you had to wait more than 12 years to finally make good money on cattle…🤔
The bottom line is when government gets involved everything gets screwed up.
Unregulated Corporations are even worse
@@chadster7547 I think there in on it together.
@@chadster7547 I have no idea why people are telling themselves that. Corps can’t force you to buy anything. They can’t start wars. They can’t tax you. If you don’t like something a corp is doing you can instantly stop funding them.
@@gozxdesastrosbut what if they pollute and destroy environment or posing people or hurt people with bad products or manufacturing techniques? Or find funding from something else.
Learn to think before you say something retarted.
Governments create the problem with the solution they want already planned
Don’t hold your cash it’s going to be worthless. Buy stuff that you know is going to get more expensive over time.
Yes. "Time Value of Money"
Good idea, what are you buying
Like what? Precious metals.?
Toilet paper
Imo most people that are not experienced in the markets should not play with their money and just save. Like peter is mentioning, saving is a good habit and people are way too much focused on spending. According to statistics 8/10 investors fail to beat the s&p500 index which goes up an average of a lousy 10% a year. And 90% of traders lose money. So like i said. Unless you know your stuff about markets. For most it’s better to save
This should be teach at every classroom in America. Great video!
Property, cash, silver...( Cant afford gold) No debt!!! I paid off all my debt the last 4 years...
sure boy
You can afford property but not gold ? Are you investing in dog kennels ?
@@yurka63the way I read it, he paid off his mortgage....so yeah, he couldn't afford gold, you can get a lot more silver for cheap, and it's easier to get rid of than gold.
Food, water, knowledge, various metals like silver, brass, lead, copper……
Stay the course, hold everything you've got and "Keep the Faith"!
Digital, global, feudalism is the end goal
Cashless Society. CBDC, FedNow, chip in the hand. Total control.
I agree our economy is really in
Trouble
It's fucked
The best part of inflation is the prices never go back down.
A THEFT *TaX" WE DON'T VOTE ON!
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”-Thomas Jefferson
😂 then what is deflation?
like rent. it goes up because of rising interest rates (on landlords mortgage) but doesn't come down when rates drop.
That’s tucked up then, 😂 looking for a place in jungle.
Thank you for saying what I’ve been thinking. I feel gaslit by society!
Society?
That's tactful
I can’t spend more than my checkbook holds. Why can’t all these government know it alls understand this truth and concept???
Because they don't want to. If they keep us poor or strapped financially they can control us.
Over and over I hear an expert describe congress’ inability to control spending.
Good job Peter, every Dimm every Rhino every Representative every Senator every Governor every leftist every socialist, should watch this twice.
They’re all guilty. This is not a partisan issue. Just look at the debt we’ve taken on in just the last eight years. It’s staggering.
Peter is so good at explaining the real financial situation we are facing caused directly from the actions of government..
Comparing currencies is worthless. You need to compare gold and silver to all currencies and you will see how ALL currencies have been devalued in the last two years. There is no machine to make gold and silver but there are many machines to make paper money around the world.
For Dollars.. you don’t need a machine, only a computer😂😂😂
They literally use machines to mine and process precious metals, and, for that matter, bitcoin (for now)
Lets not Forget Shrink flation where producers are shrinking quantities and charging the same price.
What about when prices fall but no one have a job to buy things?
Probably one of the best explanations for the sh!t-storm that is approaching...
Peter shiff is spot on
Well. Someone finally said it ! The way it really is.
As a senior on fixed income , I can only hope for deflation.
Great video.
THE FREE MARKET CURES ALL! This video sounds like a lot of easy answers. When you boil everything down to pure market mechanics it leaves out the randomness of the world, you leave out empathy, you leave out human nature.
Peter Schiff is not alone saying this. There are several financial analysts & hedge fund managers saying the same thing.
My gosh, even the CEO of Chase, Jamie Damon & the CEO of Bank of America & even the WEF are all saying the same thing.
totally
Deflation is not bad. Only bankers hate it.
I think the price hit the ceiling. People can not afford a million dollar house, a 100 K pickup or a ten dollar Big Mac.
Tired of paying for the leaches. No
More benefits.
If you stop paying the leaches,you have mad max,anarchy.
The leaches immediatly spend it back.
I returned from Japan recently. They do not like credit or credit cards after years of lost decades
Well that's a good thing. I wish I could live in a country where people are against credit cards.
My experience has been that in Japan, most (9 out of 10) businesses don't mind, but some proprietors even make it clear that they will charge YOU the 2.8% visa card fee if you insist on using a credit card, even though that's against the credit card company's rules. However, it's very rare for that to occur.
When they implemented, nafta that was one of the worst things to happen to America
This is well done.
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
The most significant lesson I gained from the stock market in 2023 is that uncertainty prevails, emphasizing the importance of humility. Adhering to a long-term strategy with a competitive edge is key
Embracing uncertainty, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.
Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Camille Anne Hector is the analyst that helps me. She has a large following and is easily found online. Investing with her has been a different ball game entirely so different from the stale methods of managers I’ve worked with in the past. last year was my best ever because I'm over 1m which I really never thought I could reach at the start of the year.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing
Don't hold cash. Spend it. Invest it. If you hold it, you'll be holding a big pile of nothing.
Bad advice
Prescious metals.
@@1gtravis always a good idea :)
We have 6 months before government leader change cannot come soon enough
Lol!! This $hit has been happening since Reagan. Stop fooling yourself.
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 how stupid.
Started decades before Reagan
People are convinced this is a partisan issue and it is definitely not. There is plenty of info out there to show that it’s much bigger than that.
Thx...this is eye opening.
Peter i am from Africa and my investment advice is simple. its not Zimbab(way) its delivered as Zimbab(we). Its also spelt this way ! ZIMBABWE. ( I trust this will help ! Thanks x )
No one cares.
Yeah it's a shthole country centuries behind us
@@SargentandGreenLeaf It wasn't in the early 80's until leftists took over.
@@myfakeaccount4523 Yet you care enough to reply. Idiotic arrogance that is driving the country to pots and fighting with itself!
It's so nice to hear someone who just tells the truth.
I wish peter would talk about his father more. his father seemed to know even more than he does about this folly
Can someone please help educate me on why we continue to believe in the government? If I lost my trust in an employer, their gone cause I'm leaving. Why are we still continuing to entertain a government who doesn't have our best interest in our future but they do have a an huge interest in taking money from us?
Because the people that vote for the Democrats do it because they get free stuff and they get to act crazy.
If we don’t vote, Trump 2024 we are doomed
Most people have blinders on and choose not to see what is really happening.
Everyone KNOWS TRUTH & WHAT GOING ON😮
There are two types of people in the world: People who think the government is looking out for their best interest and people who think.
Nathan Fraser
Some are leaving. Some left by chance and have no desire to return. Greetings from Sydney
hard assets are the key
They keep moving the goalposts. Cpi has changed many times... If they say were at 5% inflation it means 20...
Outsourcing to China was shrinkflation by quality reduction.
Well, what are we waitin' for? Let's get this thing rollin'!
For all those hoping the Fed would LOWER interest rates...it's not gonna happen.
We'd probably end up with a reverse market crash with prices rising even higher in housing and automotives.
The Fed claimed they may raise interest rates to continue the fight on inflation, but they aren't addressing the true issue.
CREDIT SPENDING and CREDIT CARD DEBT IS HIGHER THAN EVER.
Raising interest rates will only hurt credit card users who are using them to supplement their monthly income.
They basically paralyzed the housing market already.
They basically paralyzed the car market.
Raising rates more would start to hurt the credit card spender.
Another issue I see is that so many people CAN'T or WON'T buy a house or a car. A growing number of people have money in their pocket as savings and no where to spend it. That's Inflationary as well.
Saving money isn't inflationary. What has happened to the US ? I swear the comments get dumber and dumber.
so many people are hitting the wall in person debit. eventually this spending on credit will have to end. will equity into the market also dry up?
Peter is right. Hold cash, hide your women and horses. God is ready to take His garden back.
This was a rough jawn! Heavy!! Damn
That guy is a complete genius
Peter is 💯 correct!!!!
"When they print their way out of a short term problem, they print their way into a long term problem." -- Peter Schiff
That part about delayed gratification.
Eye opening video 👍
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
Remember folks, when companies are reporting "record profits", that's an inflationary number. It's not a true indication of success when the money supply is being inflated.
Hedge against inflation
But so true, we have conned the whole world!!!😊
What I get from this video is that greed is the underlying cause
Greed and power
Greed has NO FINISH LINES...
Leftist Government is a big factor.
Well , none of us are greedy it's the other guys.
rib eye steak in the town I live is $20 a pound that's a deal lol. food rent and energy is all up by 35% to 50%, nothing else matters
When I grow up.... I want to spend my time groveling over finances professionally.
Great video
How much can I produce or store up for the future? I will be paying off my house soon so that will be an asset in the future. I have a small flock of chickens so I am producing some eggs. I grow lots of garlic and onions mostly but I also grow potatoes and yams and I have fruit trees. Am I self-sustaining? not by a long shot but I am MUCH further ahead then many people. Good luck everyone.
Yes we need to return to the Austrian school of economics instead of the Keynesian. God bless you Peter for enlightening us.
That mustache man was born in a small village in Austria. Turns out he was right too. There is a man sitting in an Austrian prison for 10 [His brother got 3 1/2 year sentence too] years for making parody music naming our overlords in his lyrics.
I incorporated my small third generation hardwood floor company in Sacramento Ca. And the last 3 years I have spent most of my savings just to stay caught up the gas insurance material costs and workers comp insurance is keeping us from making any profit or savings barley able to stay afloat never thought I would be in this position again plus crediting is mounting we need a break soon okease😢
Get out of California. You can do hardwood floors anywhere.
A lot of truth here that I agree with, especially quantitative easing and the resulting inflation. But you can’t let the free markets operate without any guardrails. Left to their own devices, free markets will reward the most capable economic actors, leaving the rest in the dust. There will be neither Medicare nor social security, to name a few. That’s a recipe for a breakdown of society and severe unrest.
My mate was convinced if prices dropped no-one would spend $. I mentioned tech prices were dropping n people were still buying. He went silent.
My three favorite channels: FREENVESTING, Stock Brotha, & How Money Works. Make my week complete. 🔥 🔥 🔥
THREADS
So you keep, and keep, on saying !!
As for hyperinflation, in the past, I always wondered where the money came from to fuel it. The best explanation I've found is that hyperinflation occurs when the government indexes the amounts they pay on a monthly, weekly or daily basis. When the government started adjusting Social Security payments, government employee wages, military wages, etc. on a monthly basis, expect hyperinflation.
Same thing in Europa!
Debt culture.
Borrow money to Pay money..
The world is getting crazy with the day...
End of the road, big bang is coming 😢
Please, there is no need to add music to good message .. it becomes a distraction ❤
It made you want to complain about it. It did its job. it's not overbearing. White noise to keep attention.
How about fart 💨 noise?
That stupid background music is annoying as hell.
I didn't mind it.
AI
Well ……. Bye
Here is something I figured out the other day. In the last five years gasoline and diesel prices have doubled (an increase of 100 percent), whereas the minimum wage has only increased by 66 percent for the same time frame. In the last five years food prices have doubled (an increase of 100 percent) in addition to home insurance increasing by 30 to 80 percent for the average homeowner. All of these factor into people having a lot less buying power than just five short years ago and my prediction is that this is just going to get worse.
My rent just went up 26 %, same as last time. That is 26 % every 15 months.
All of my money has NEVER been in banks. Nothing new to me.
What is new is I've gold, silver, Crypto, land.
Fortunately, I've chosen to move out of the U.S. now. I have found "greener pastures" so to speak.
Which great economy did you move to?
Tell yer pimp, they're not paying you enough to post those low-wattage trolls. Lol
Sure thing! But Having a financial advisor early on is super important. I've seen it firsthand. With my advisor's help, I turned my investments portfolio into $2 million by trading Forex. It made me feel really confident about the future. So, find someone you trust. It's totally worth it!
Go troll somewhere else.
Report them
How dare Peter be logical!🙃
In Hawaii most work 3 jobs but do not invest. Multigenerational homes to afford living. This is heading to mainland. Assets fill the gap of inflation but people must invest as only 10% do.
In 2008 I never had any idea there was a problem at all... Seems to me that everything was very affordable
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
she's mostly on Instagrams, using the user name
FXMILLER18 💯.. that's it
Her good reputation already speaks for her $ 110k last month
As usual, he will be right. Eventually.
Cereno Scientific ❤❤❤❤❤
I occasionally hear people say, why can't they just print more money and give it out to everyone? After slapping my forehead, the simplest way I can try to make them understand is, Gold is around 2000 dollars per oz. Thats because of it's rarity. If someone suddenly discovered a million tons of gold somewhere, gold would be worth a lot less. It's the same with money. The more you print the less it's worth. I laugh to myself about how ignorant these people are, but then i think, wait a minute. The people running this country don't seem to understand this. Or they understand it, but they don't care.
I have trouble believing the dumbing down of society was accidental.
He's not wrong!!!
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires.
I've been trying to trade but I keep making losses and it's frustrating
If you are using really a good broker or account manager is easier to earn from the market
Thanks to Laura Jennifer Reeves, she has always been there to guide me with detailed analysis and recommendations that I would not otherwise have access to.
Yeah!!!
I started t with Laura Reeves 2021 and now my life is good some thing to write home about!!!! I thank God the most He alone made it possible for the opportunity to come my way 🤲🏻🤲🏻🤲🏻🤲🏻
She is an exceptional financial analyst her services are reliable and transparent and apart from myself, I have never seen any of her customers complaining about loosing their money.
This guy is spitting facts!
What an achievement, lol. I could tell you the same.
He has been telling this since S&P was at 3800
Many people don't know how to live life within a budget. They send even when they know it is going to get them in trouble. Many want everything for free and think they can keep spending and well I'll just worry about it some other day.
Right now more people are struggling that have been on a budget. We've never seen anything like this and it's getting worse.
This isn't taxpayers fault. They won't press STOP BUTTON on FIAT MONEY PRESS. Seems it never runs out ink to print $.